South Korea's Semiconductor Output Rises by Most in 14 Years [BNN Bloomberg (Canada)]
NVIDIA Corporation (NVDA)
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Source: BNN Bloomberg
Production jumped 65.3% from a year earlier, the biggest rise since late 2009, according to data released Friday by the national statistics agency. Shipments of semiconductors also rose 59%, even though it was weaker than 62.7% in January. Inventory shrank 16.2%, falling for a second month in another sign of strong demand. The favorable numbers, released in a report showing a larger-than-expected expansion of overall industrial production, suggest momentum in domestic economic growth will continue as semiconductors account for the biggest share of South Korea's exports. Production might have been bigger had the lunar new year holiday taken place in January like last year instead of February. The growth in semiconductor production likely continued in March as suggested by chip exports increasing 46.5% from a year earlier in the first 20 days of the month. Surging demand for artificial intelligence-related memory is among the biggest drivers of growth, with the nation's second-bigg
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